SEC, Gemini requests a two-month pause in the lawsuit as ‘potential resolution’ in the works

A potential resolution may come soon in the long -term lawsuit between the US Securities and Exchange Commission (SEC) and Gemini in the Crypto company income.
The two submitted a joint request In the US district court for the Southern District of New York on Tuesday to consider a 60-day pause in the case as they considered a potential resolution.
Gemini was filed by the SEC In January 2023, in conjunction with the lender Genesis Global Capital, claiming that their Gemini earned the product formed an unregistered security offer. In March 2024, Genesis completed a $ 21 million negotiation In its role in the program, the side of the case is resolved.
Ever since President Donald Trump returned quit or falls more than a dozenang Crypto-related actions, citing a re-evaluation of how security laws apply to digital properties.